NASDAQ:MRVL - Marvell Technology Group Stock Price, Forecast & News

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MRVL stock has increased by 1.5% and is now trading at $22.35. View which stocks have been mosted impacted by Coronavirus.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 1 sell rating, 4 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Marvell Technology Group.

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Marvell Technology Group.

Marvell Technology Group Ltd. (NASDAQ:MRVL) released its quarterly earnings data on Wednesday, March, 4th. The semiconductor company reported $0.17 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.01. The semiconductor company earned $718 million during the quarter, compared to the consensus estimate of $710.81 million. Marvell Technology Group had a net margin of 58.70% and a return on equity of 2.74%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. View Marvell Technology Group's earnings history.

Marvell Technology Group declared a quarterly dividend on Thursday, March 12th. Investors of record on Friday, April 3rd will be paid a dividend of $0.06 per share on Wednesday, April 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, April 2nd. View Marvell Technology Group's dividend history.

Marvell Technology Group declared that its Board of Directors has authorized a stock repurchase program on Tuesday, October 16th 2018, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Marvell Technology Group updated its first quarter earnings guidance on Wednesday, March, 4th. The company provided EPS guidance of $0.11-$0.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.14. The company issued revenue guidance of $680 million, compared to the consensus revenue estimate of $674.87 million.

25 analysts have issued twelve-month price objectives for Marvell Technology Group's stock. Their forecasts range from $18.00 to $32.00. On average, they expect Marvell Technology Group's stock price to reach $28.46 in the next year. This suggests a possible upside of 27.3% from the stock's current price. View analysts' price targets for Marvell Technology Group.

Headlines about MRVL stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Marvell Technology Group earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutMarvell Technology Group.

Marvell Technology Group saw a decline in short interest during the month of February. As of February 14th, there was short interest totaling 33,160,000 shares, a decline of 26.3% from the January 30th total of 45,020,000 shares. Based on an average daily trading volume, of 9,410,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 5.3% of the company's stock are short sold. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include Intel (INTC), NVIDIA (NVDA), Texas Instruments (TXN), Broadcom (AVGO), Micron Technology (MU), Analog Devices (ADI), Xilinx (XLNX), Microchip Technology (MCHP), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), Cree (CREE), Silicon Laboratories (SLAB) and Cirrus Logic (CRUS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Walt Disney (DIS), QUALCOMM (QCOM), Cisco Systems (CSCO), Intel (INTC), salesforce.com (CRM) and AT&T (T).

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (15.00%), State Street Corp (2.11%), Goldman Sachs Group Inc. (1.71%), Standard Life Aberdeen plc (1.36%), Janus Henderson Group PLC (1.26%) and FIL Ltd (1.12%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Syed Ali and Willem A Meintjes. View institutional ownership trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Jennison Associates LLC, Argent Capital Management LLC, Bank of New York Mellon Corp, FIL Ltd, Fred Alger Management LLC, Panagora Asset Management Inc., and Wedge Capital Management L L P NC. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, and Willem A Meintjes. View insider buying and selling activity for Marvell Technology Group.

MRVL stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Janus Henderson Group PLC, Cambiar Investors LLC, Scout Investments Inc., Amundi Pioneer Asset Management Inc., SeaTown Holdings Pte. Ltd., Eagle Asset Management Inc., and First Trust Advisors LP. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan. View insider buying and selling activity for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $22.35.

Marvell Technology Group has a market capitalization of $14.99 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,275 workers across the globe. View additional information about Marvell Technology Group.

The official website for Marvell Technology Group is http://www.marvell.com/.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]